Digimarc Corporation (NASDAQ:DMRC) has earned a consensus recommendation of “Hold” from the eight research firms that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $45.75.

Several research analysts have weighed in on the stock. B. Riley restated a “buy” rating and set a $44.00 price objective on shares of Digimarc Corporation in a report on Saturday, July 29th. Cowen and Company set a $50.00 price objective on shares of Digimarc Corporation and gave the stock a “buy” rating in a report on Thursday, July 27th. BidaskClub downgraded shares of Digimarc Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Zacks Investment Research downgraded shares of Digimarc Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 18th. Finally, Needham & Company LLC restated a “buy” rating and set a $42.00 price objective on shares of Digimarc Corporation in a report on Monday, July 10th.

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In other news, CEO Bruce L. Davis sold 4,300 shares of the stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $38.67, for a total value of $166,281.00. Following the completion of the sale, the chief executive officer now owns 57,144 shares in the company, valued at $2,209,758.48. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Tony Rodriguez sold 2,000 shares of the stock in a transaction dated Monday, June 19th. The shares were sold at an average price of $37.75, for a total transaction of $75,500.00. Following the completion of the sale, the insider now owns 29,887 shares of the company’s stock, valued at approximately $1,128,234.25. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,000 shares of company stock worth $379,430. Corporate insiders own 7.50% of the company’s stock.

Several hedge funds have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company increased its stake in shares of Digimarc Corporation by 6.9% in the second quarter. The Manufacturers Life Insurance Company now owns 8,339 shares of the information technology services provider’s stock valued at $334,000 after buying an additional 540 shares in the last quarter. State Street Corp increased its stake in shares of Digimarc Corporation by 4.7% in the second quarter. State Street Corp now owns 167,370 shares of the information technology services provider’s stock valued at $6,718,000 after buying an additional 7,581 shares in the last quarter. Lagoda Investment Management L.P. increased its stake in shares of Digimarc Corporation by 9.5% in the second quarter. Lagoda Investment Management L.P. now owns 666,546 shares of the information technology services provider’s stock valued at $26,762,000 after buying an additional 58,053 shares in the last quarter. Wolverine Trading LLC purchased a new stake in shares of Digimarc Corporation during the second quarter valued at approximately $272,000. Finally, Senvest Management LLC increased its stake in shares of Digimarc Corporation by 1.5% in the second quarter. Senvest Management LLC now owns 1,004,234 shares of the information technology services provider’s stock valued at $40,320,000 after buying an additional 15,152 shares in the last quarter. Institutional investors own 54.39% of the company’s stock.

Shares of Digimarc Corporation (NASDAQ:DMRC) opened at 28.05 on Friday. The firm’s market capitalization is $302.10 million. The firm has a 50-day moving average of $31.36 and a 200 day moving average of $29.97. Digimarc Corporation has a 52 week low of $24.20 and a 52 week high of $41.75.

Digimarc Corporation (NASDAQ:DMRC) last released its quarterly earnings data on Wednesday, July 26th. The information technology services provider reported ($0.68) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.68). Digimarc Corporation had a negative net margin of 107.49% and a negative return on equity of 32.18%. The firm had revenue of $5.59 million for the quarter, compared to the consensus estimate of $5.69 million. During the same quarter in the prior year, the company posted ($0.62) earnings per share. The business’s revenue was up 2.4% on a year-over-year basis. On average, equities analysts predict that Digimarc Corporation will post ($2.69) earnings per share for the current fiscal year.

Digimarc Corporation Company Profile

Digimarc Corporation (Digimarc) enables governments and enterprises to give digital identities to media and objects that computers can sense and recognize. The Company’s Digimarc Discover, Digimarc Barcode and Intuitive Computing Platform are designed to optimize the identification of consumer brand impressions, facilitating mobile-centric shopping.

Analyst Recommendations for Digimarc Corporation (NASDAQ:DMRC)

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